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Decentraland Reflects Bullish Sign; Will MANA Bulls continue?

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Decentraland is a virtual world where you buy plots of land that you later build, structure or cash in. It is the Ethereum-based digital platform that is wholly owned by the users. MANA is an ERC-20 token of this network. You can use it to buy LAND and pay for the in-world services. It works in a very simple way. When you buy LAND, the platform burns the MANA to complete the purchase. Currently, the cheapest lot is LAND 11,750 MANA, while some LAND have price tags in the millions. It is a kind of company in a virtual world where a good investment yields a nice profit. LAND is a space or non-fungible digital item that you purchase in-game. When you buy land, you can create games, gambling services and applications with it. It also includes education and professional services. Each lot is 33 feet by 33 feet, but there is no height restriction. Similar Countries are known as districts. If you are interested in buying LAND, visit the marketplace. How does this affect the MANA price? Let’s analyze the Decentraland (MANA) price chart. At the time of writing this analysis, the price of the MANA token is around $2.66. After a sudden surge in October, the currency has consolidated and has held the support level at around $2.34. In addition, both the RSI and MACD indicate bullishness on the daily chart. The candlesticks are forming in the lower half of the Bollinger Band, which also reflects bullishness. On the weekly chart, the price of Decentraland is bullish. RSI and Bollinger Band are strong, but the MACD is still bearish. It means that you will have to wait a few more weeks before investing in this token. There is a strong support level around $2.10. As with real estate, long-term ownership of LAND or MANA will give you similar returns. However, if the price continues to fall, keep in mind the fundamentals and related news. Visit here for a detailed look at the future of the MANA token. Should you invest in this token? Based on the above technical analysis, we believe that it is an ideal time to invest an amount in MANA for the long term. There are many decentralized game platforms, but the concept of this game is unique, with the potential to earn a good amount of money after selling or building projects on the LAND.
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